budgets. This type of budget covers the revenues and expenses mainly of the day-day business of the company. Revenues sales of products and services are represented by revenues while costs of goods sold, administrative costs; production costs are represented by expenses. Operating budgets are broken down into smaller reporting periods such as monthly. This will enable managers to compare ongoing operations results to the budget of the year hence enabling planning and adjustment in revenue. Cash flow budgets
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Southern Airlines through five ratios analysis which is profitability, liquidity/solvency, working capital efficiency, long term financial structure and investors’ perspective. Next, on basic of part one analysis, discuss the limitations of financial reporting, meanwhile, companies from different countries which are using different accounting standards should be noticed. Follow on; depend on the situation of financial report, using the SWOT methods to analyze the primary challenges faced by Malaysia Airlines
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Introduction and background Cost accounting is the process of accumulating, measuring, analyzing, interpreting and reporting of the information related to the cost. This type of process is useful and relevant for all internal and external stakeholders of the business entity. In the management accounting, the term cost accounting includes the works of establishing budget and actual cost of operations, processes, departments, analysis of the variances and profitability or social use of the funds
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Fi FINANCIAL STATEMENT ANALYSIS (section 2) ch 19 -creditors and investors use financial statement analysis to predict expected return and assess risk (variability in the return) HORIZONTAL ANALYSIS: -the study of percentage changes in comparative statements -eg. identifying that sales increased by 20% since last year is more useful than knowing sales increased by $20,000 -can be used to calculate all figures (including COGS, expenses, etc) -don’t calculate a percentage change
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Finnlines Plc FINANCIAL STATEMENTS 2013 CONTENTS BOARD OF DIRECTORS’ REPORT ................................................................................................................................ 4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, IFRS ...................................................................... 9 CONSOLIDATED STATEMENT OF FINANCIAL POSITION, IFRS ............................................................................. 10 CONSOLIDATED STATEMENT OF
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ch11 Student: ___________________________________________________________________________ 1. The three factors in cost allocation of a depreciable asset are service life, allocation base, and allocation method. True False 2. The physical life of a depreciable asset sets the lower limit of its service life. True False 3. Any method of depreciation should be both systematic and rational. True False 4. Total depreciation is the same over the life of an asset regardless of
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type of accounting that is used by businesses to prepare reports on the finances of a firm for people outside the organization, such as stockholders or government agencies. It is governed by specific accounting standards to insure uniformity in reporting. What Is Financial Accounting? | eHow.com http://www.ehow.com/about_4710004_what-financial-accounting.html#ixzz29jbLZGeI http://www.investopedia.com/terms/f/financialaccounting.asp#axzz29okOfFVw ------------------------------------------
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control. Evaluate the usefulness of static budget reports. Explain the development of flexible budgets and the usefulness of flexible budget reports. Describe the concept of responsibility accounting. Indicate the features of responsibility reports for cost centers. Identify the content of responsibility reports for profit centers. Explain the basis and formula used in evaluating performance in investment centers. Explain the difference between ROI and residual income. Questions 1, 2 Brief Exercises Do
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a one-year past period of time. C. a single date in the future. D. a function of the information included in it. Current U.S. Generally Accepted Accounting Principles and auditing standards require the financial statements of an entity for the reporting period to include: A. Earnings and gross receipts of cash for the period. B. Projected earnings for the subsequent period. C. Financial position at the end of the period. D. Current fair values of all assets at the end of the period. The balance
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1. Summary of activities and strategies of David Jones David Jones Limited trading as David Jones and listed on the Australian Stock Exchange is a high end department store chain. The principal activity for David Jones is retailing of different brands under various categories such as fashion, cosmetics, home wares and electronics. David Jones retails its products via departmental stores and have recently transformed itself as an Omni Channel Retailer taking advantages of on-line retailing as a strategy
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